Via ODiSy March 22, 2012 PHILIPPINE STOCK EXCHANGE ... - BDO

- 4 -Parent BankFRSP Difference PFRSChanges in resources:Trading and investment securities P 171,081 ( P 218 ) P 170,863Loans and other receivables 653,857 240 654,0972011P 824,938 P 824,960Total adjustments to equity P 222010FRSP Difference PFRSChanges in resources:Trading and investment securities P 177,641 ( P 61 ) P 177,580Loans and other receivables 548,618 301 548,919P 726,259 P 726,499Total adjustments to equity P 240(iii) The reconciliations of net profit reported under FRSP to net profit under PFRS forthe years ended December 31 follow:BDO Unibank GroupParent Bank2011 2010 2011 2010Net profit under FRSP P 10,588 P 8,881 P 8,954 P 8,433Unrealized mark-to-market gain (loss)on embedded derivatives on CLNsreclassified to loans and otherreceivables ( 202 ) 152 ( 202) 148Reversal of net adjustments to equity due tounwinding of CLNs ( 80) - - -Amortization of premium/discountdue to change in effective interest rates ( 16 ) ( 222 ) ( 16) ( 209 )Amortization of negative fair value ofEmbedded derivatives on CLNsReclassified to loans and receivables 9 - - -( 289 ) ( 70 ) ( 218) ( 61 )Net profit under PFRS P 10,299 P 8,811 P 8,736 P 8,372(b) Presentation of Financial StatementsThe financial statements are presented in accordance with Philippine AccountingStandards (PAS) 1, Presentation of Financial Statements. The BDO Unibank Grouppresents the statement of comprehensive income in two statements: a statement ofincome and a statement of comprehensive income. Two comparative periods arepresented for the statement of financial position when BDO Unibank Groupapplies an accounting policy retrospectively, makes retrospective restatement ofitems in its financial statements, or reclassifies items in the financial statements.